Add Bookmark | Recommend this book | Back to the book page | My bookshelf | Mobile Reading

Free Web Novel,Novel online - All in oicq.net -> Romance -> red flag

Volume 1: Miracle on Qishan Chapter 152: Renault doesn¡¯t work, Nissan works

Previous page        Return to Catalog        Next page

    Chapter 152: Renault doesn¡¯t work, Nissan works

    Qian Jiawei's problem is very critical. Zhongqi International made a lot of money in the first two short-term operations, jumping from tens of millions of US dollars to 1.3 billion Hong Kong dollars, and then intervened in Hong Kong stocks and real estate, through the parent company  Mortgage financing quickly expanded the asset scale to 3.5 billion.

    However, if Zhongqi International wants to continue to develop, it is definitely not normal to just rely on property speculation like this.

    Yang Shaozong played with a high-end-looking pen on his fingertips. After thinking for a moment, he said what he had been thinking about for a long time, and said to Qian Jiawei formally: "Mr. Qian, if we had set up Zhongqi International  If I hope to enter the real estate industry in Hong Kong, I will definitely not ask you to be the general manager of Zhongqi International. We Chinese have an old saying, "Better be the head than the tail." This principle is very applicable in the shopping mall.  , is also the basic philosophy of our Zhongqi Company. We would rather do those industries that no one does, as long as we are number one in the industry, rather than do something that everyone does, but can only be tenth in the industry, or even outside the tenth.  Industry. Hong Kong's real estate industry has developed to today's level. If we still want to get involved, there is no need for us, not to mention that the same capital is enough for us to become the real estate king of the Nanhai Special Economic Zone and Shanghai. Now let's think about a problem together, that is, Zhongqi  Before thinking about what we should do in the future, we should first look at where our advantages are?¡±

    Qian Jiawei was silent and did not rush to answer. Although he was born in Hong Kong, he followed his parents to the United States to study at the age of fourteen. After graduation, he returned to Hong Kong to work. His many years of working experience at Morgan Stanley gradually cultivated him.  Become a professional manager with an international perspective.

    This is the difference between him and Guan Jinsheng and others. In some aspects, he can firmly believe in his own judgment and make a brave attack, but before doing so, he must also obtain the consent of his superiors.

    He was not in a hurry to answer. Although he had some thoughts in his mind, he believed that Yang Shaozong must have his own thoughts.

    Yang Shaozong continued: ¡°The advantage of Zhongqi International is that it is based in Hong Kong, and its parent company is China¡¯s Morgan Stanley. Although there is a long way between our Zhongqi Asset Management Company and Morgan Stanley, we have a strong presence in mainland China.  The market has a special advantage that other competitors cannot match, that is, the cooperative relationship between us and local governments is unmatched by others. In the future, Zhongqi International should be based in Hong Kong, serving domestic enterprises, institutions and individuals, and  They provide listing and investment services in Hong Kong, reverse entry into the country to intervene in asset restructuring and other services, as well as services for domestic companies to merge and acquire international companies and business departments, including services for other international companies to enter the mainland market."

    Having said this, he drew a circle and said: "Investment services are our core business at Zhongqi International. If enterprise groups from Hong Kong, Taiwan, Macao and New Zealand want to enter the mainland, it will be very smooth if we lead the way.  On the other hand, we should also actively engage in investment in the international financial market. For example, Taiwan has just experienced a stock market crash. This Great Depression-style crisis has had a profound impact on Taiwan. I believe Taiwan must undergo industrial adjustment.  , and the electronics foundry industry is the most likely way out for Taiwan, so if I were you, I would find a way to enter the Taiwan stock market and enter Taiwan's electronics foundry company stocks on a large scale at this stage. At the same time, we can also  Through cooperation with Taiwan, Taiwanese companies will be introduced to invest in the mainland."

    When Yang Shaozong said this, Qian Jiawei completely understood.

    ¡°In the final analysis, China Flag International Investment Company should return to its main business¡ªan international investment company, and it should still set its benchmark at international investment banks like Morgan Stanley.

    After thinking for a moment, he and Yang Shaozong asked: "Then are we going to set up our own securities department in Hong Kong?"

    Yang Shaozong nodded and said: "Of course we have to set up one. Not only do we have to set up our own securities department, we even have to acquire a bank in Hong Kong."

    Qian Jiawei, who is very familiar with Hong Kong's financial industry, immediately said: "Wing'an Bank, Hong Kong Industrial and Commercial Bank of China, Far East Bank and Guang'an Bank are all suitable acquisition targets. Their equity is relatively concentrated, and the parent company has no  Long-term operation plan. In comparison, I am more optimistic about Far East Bank. First of all, its management team has been relatively stable. The parent company is Universal Bank, which is also known as Citibank in China. Citibank has been in recent years.  It has been selling its subsidiaries controlled in Hong Kong. A few years ago, it just sold the favorable bank to Mitsubishi Bank, and the Far East Bank has been on its sales list for a long time, so the price should not be too high."

    Yang Shaozong thought about it and said: "You can contact us and have a look. If the price is not very high, you can find a way to take over and then change it to Zhongqi Bank."

    Qian Jiawei said: "My estimate is around 400 million yuan. The sales volume of its more than a dozen branches in Hong Kong isIn July 1992, Yang Shaozong and his party arrived in France for a new meeting with Renault. Before that, Hua Kangsheng, another vice president of Zhongqi Company, had visited Renault once. As the business of French Peugeot in China also expanded,  Falling into a rather embarrassing situation, Renault expressed some doubts about investing in China at this time.

    At this time, Yang Shaozong was also very embarrassed. The domestic automobile industry was almost in its infancy. Zhongqi Company had no technical foundation at all. If it really invested 1 billion in long-term operation, it would really not be able to survive or be hurt. The best strategy  It is better to find a stable long-term partner and start with joint ventures and technical cooperation.

    The problem is exactly here. You want to be stable, but others are afraid that you will grow bigger and will not be stable with you. Whether it is Volkswagen, General Motors, Honda, or Toyota, the unified characteristic is to find new partners as soon as it gets the domestic market.  It sells its new cars to left and right, forcing its partners on both sides to pay high prices.

    Even Mazda does this.

    The domestic automobile industry really cannot afford to be hurt. Of course, the domestic automobile industry itself cannot be helped. This is where the business nature of the Chinese people is fully exposed - everyone just wants to make quick money, rather than investing money in research and development.  , it is better to introduce joint ventures happily, spend all the money on channels, and make one channel the king in internal competition.

    Renault is actually a suitable partner, although this company's products may not be able to kill everyone in the country In fact, this is a weakness of French-Italian cars. Their design concepts and aesthetic concepts are always in line with those of Asia.  market, especially the Chinese market.

    *** Cars are very strong in the Americas and Asia, but they also suffer in Europe. Only German cars can really dominate the world.  Looking for a German automobile joint venture we can't afford to be hurt. People are all about high-end products, and they don't look down on Zhongqi, which doesn't even make tractors. Looking for a Nordic company is too niche, and we can't afford to be hurt.

    The advantage of cooperating with Renault is that you can grow through cooperation and quickly make your own adjustments to the Chinese market. Use low-end cars to compete with Japan and South Korea, use Renault's high-end joint venture models to compete with other foreign investments, and gradually exercise in the development of low-end cars.  Strengthen yourself.

    This is what Yang Shaozong thinks. Renault is very hesitant about cooperation. Looking at this situation, even if cooperation begins, technology transfer and other aspects will suffer. Guangzhou Peugeot is a typical example.

    Just when Yang Shaozong himself lost his sense of direction, Hua Kangsheng, who was visiting Japan, sent back a new message confirming that Nissan Motor Co., Ltd. had a strong willingness to cooperate with China.

    According to Hua Kangsheng, Nissan Motor Co., Ltd. expanded its factories to the United States and Europe on a large scale in the 1980s, and suffered heavy losses in the 1991 Japanese economic bubble. It is currently falling into relatively complex economic debts. This kind of debt  It is very common in Japan. It is similar to the triangular debt in the northeastern region of China. It is extremely complex and will have a relatively large impact on the Japanese economy.

    Of course, Zhongqi Company is not qualified to say that it is buying the bottom of the Japanese economy, but it can indeed become a beneficiary of the Japanese economic bubble. After the Japanese economy collapsed, Qian Jiawei came into contact with the acquisition bank in Hong Kong, **  *Mitsubishi Bank is willing to transfer the Hong Kong bank they merged with in 1987 for about HK$1.7 billion, for which they spent HK$2.63 billion at the time.

    Judging from the real estate properties and the entire asset structure currently held by Advantage Bank, the price of HK$1.7 billion is definitely a good deal. Just the fact that Advantage Bank holds 32 bank branches in Hong Kong and the Hong Kong properties and securities it holds is completely  The price can reach HK$1.7 billion.

    As the second bank to open in Hong Kong, Benefit Bank was originally known as the Bank of India, Hong Kong and China. It served as the three major note-issuing banks in Hong Kong from 1862 to 1892 and from 1912 to 1972.  The most important assets it owns are the profitable building in Central, as well as the securities and investment departments with relatively comfortable deposit rates and relatively stable customers.

    A more complicated problem is that there were very few companies in Hong Kong willing to expand in the banking industry at that time, and there were not many wealthy people who could afford the price of HK$1.7 billion. Almost none of these people had any intention of expanding in the banking industry in Hong Kong. Among HSBC,  Under the encirclement of the top three banks, Bank of China and Standard Chartered, it is almost impossible for other banks to take advantage of the Hong Kong banking industry.

    After Zhongqi International¡¯s continuous attacks on the real estate market, its own capital flow is basically unable to cope with such a large acquisition. At critical moments, it still relies on the help of its parent company, Zhongqi Asset Management Company.

    With Yang Shaozong's previous personal interactions with red-chip companies such as CITIC and China Resources, it will be much easier to borrow money this time. He will repeat the same trick and use the assets of Qifang Group as collateral without using foreign exchange indicators.  , Zhongqi Asset Management Company continued to borrow funds from red chip companies such as CITIC, Bank of China, and China Resources, and personally went to the headquarters of Mitsubishi Bank to negotiate with Hua Kangsheng and others.

    While they were negotiating with the Mitsubishi Bank headquarters in Tokyo, they were auditing the bank's assets in Hong Kong overnight, trying to decide the battle as quickly as possible.

    Because he could not determine the specific risks, Qian Jiawei found a way to introduce his former employer, Morgan Stanley, into the transaction. Morgan Stanley would undertake the secondary evaluation and risk mortgage, and transfer part of the risks and returns to Morgan Stanley.??Assets that are beneficial to the bank, trying to decide the battle as quickly as possible.

    Because he could not determine the specific risks, Qian Jiawei found a way to introduce his former employer, Morgan Stanley, into the transaction. Morgan Stanley would undertake the secondary evaluation and risk mortgage, and transfer part of the risks and returns to Morgan Stanley.
Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report